Nitto Denko Half-Year Report 2022

Results for H1 FY2022

• Revenue 484.9 B. yen
• Operating Income 92.3 B. yen

YoY

• Revenue +59.0 B. yen (+13.8%)
• Operating Income +19.5 B. yen(+26.7%)

1. Sales of Information Fine Materials and Flexible Printed Circuits grew
2. For Industrial Tape and Human Life, revenue increased, but operating income decreased
3. Impact of yen weakness on operating income was 38.5 B. yen

H1 FY2022 YoY Operating Income Change Analysis (Billion yen)

• 72.8 H1 FY 2021 (Apr-Sep)

• 7.5 Price Reduction offset by rationalization, etc

• -2.5 Sales Volume Variance

• 38.5 Impact of foreing change 1H FY2021:109.6¥/$ – 1H FY2022:131.3¥/$

• -15.0 Fixed Cost

• -5.5 Royalty Income

• 3.0 Impairment Losses

• 0.5 Others

• 92.3 H1 FY2022 (Apr-Sep)